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Petro Matad ( (GB:MATD) ) has provided an announcement.
Petro Matad has announced that Block XX, home to its Heron oilfield, has been designated as State Special Purpose Land in Mongolia. This status, a first for an oil exploration and production area in the country, will simplify land access processes for the company’s operations and is expected to enhance operational efficiency.
More about Petro Matad
Petro Matad Limited is a Mongolian oil company quoted on the AIM market, focusing on oil exploration and production. The company is notably involved with the Heron oilfield within Block XX, a significant area for its operations.
YTD Price Performance: -16.12%
Average Trading Volume: 6,685,129
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £18.92M
For a thorough assessment of MATD stock, go to TipRanks’ Stock Analysis page.
